Top Blockchain Trends of 2022

Eco-Friendly Blockchain

Crypto mining takes up a lot of energy, and its carbon footprint is harmful to the environment, with the annual emissions from Bitcoin mining being calculated to be around 57 million tons of carbon dioxide.

The Rise and Rise of the Metaverse

The concept of virtual worlds has been nothing more than a figment of our creative imagination until lately. Only recently, through the rapid advancement of technology, has the concept been brought to actual reality in the form of the metaverse. The metaverse provides a shared virtual environment that allows users to have an interactive experience.

NFTs Beyond the 2021 Craze

The NFT trend has already been growing rapidly since last year, but the market is predicted to keep on growing to new heights in the coming years. NFT markets are expected to move $800 billion worth of value in the next two years. The creative aspect is here to stay, but concepts like the metaverse change the game for how NFTs are perceived.

The growth of Central Banks Digital Currencies (CBDCs)

With the concept of digital currencies and a decentralized digital space getting even greater acceptance around the world, governments are coming up with the concept of national digital cryptocurrencies, specific to each country, called Central Bank Digital Currencies (CBDCs).

The growth of DeFi

DeFi models have continued to grow since 2021, with some major advancements being seen with the concept of ‘DeFi 2.0’ being introduced last year. This brought major projects to light, such as Olympus DAO, Rari, and Tokemak, all holding their own unique features.

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